Volusia County, DeLand, FL 32724

Deland FL SFR with multiple investor exits. Overview: Investors, don’t miss this versatile opportunity! This 3-bedroom, 1-bath property on over half an acre offers the flexibility to renovate and build equity or hold as a rental for long-term cash flow. Whether you’re looking for your next value-add project or expanding your rental portfolio, this property gives you multiple exit strategies in one opportunity. Value-add or buy-and-hold — you decide. Investment Breakdown: FLIP: full rehabARV: $375,000Purchase Price: $175000Rehab: $80,000All in: $255,000Gross Profit $120k FLIP: lipstickARV: $294,000 /Purchase Price: $175000 / Rehab: $40,000 / All in: $215,000 /Gross Profit $79k RENTAL:Purchase Price: $175,000 / Rehab: $25,000 / Gross Equity: $75,000 / $2,000/mo Market Rent -$73/mo Tax-$75/mo Insurance - $1,852 Monthly Cash Flow x 12 = $22,224 Yr Cash Flow$200,000 Investment = 11.11% Cash on Cash Return Property Address: 497 Lake Mamie Rd, DeLand, FL 32724 Asking Price: $175,000 Property Details: Type: SFR Specs: 3 bed / 1 bath Size: 1,336 sqft on 0.54 acres Year Built: 1915 PHOTOS Occupancy:OWNER OCCUPIED CURRENTLY - VACANT AT CLOSEClose of Escrow:On or Before 01/25/2027Transaction Type:AS-IS PURCHASE - $10,000 EMD with Hankin & Pack PREFERRED LENDER Big Ticket Items:ROOF— 2012HVAC — 2012HWH — 2012UTILITIES — SEPTIC AND CITYFOUNDATION — CRAWLSPACE Comparable Sales Breakdown: AS IS:• 25 Poinsettia Dr, DeLand, FL 32724 – Sold @: $175,000– Listing: HERE LIPSTICK SOLD:• 1609 Pine Ave, DeLand, FL 32724 – Sold @: $294,900– Listing: HERE HIGH END UPGRADES SOLD:• 1160 W Rich Ave, Deland, FL 32720 – Sold @: $375,000– Listing: HERE RENTAL:• 440 Berwick Cir, DeLand, FL 32724 – RENT @: $1,999– Listing: HERE Next Steps: Contact [representative] [contact details hidden] Send Text if you need more information Schedule a property walkthrough Make an offer directly on this page DisclaimersIMPORTANT: Buyer is responsible for conducting their own due diligence. This is an as-is opportunity. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material. Time-sensitive opportunity - this contract is being offered to multiple investors